Monday 14 October 2019

UPDATE 1-Too early to discuss possible buildup in oil inventories - #Kuwait's oil min - Reuters

UPDATE 1-Too early to discuss possible buildup in oil inventories - Kuwait's oil min - Reuters:

Kuwait’s oil minister said that it was too early to discuss a possible buildup in oil inventories in 2020, adding that any talks about a deeper cut in production by OPEC and its allies were “up in the air”.

“Oil inventories buildup (in 2020) is not something that we have to talk about right now because it’s still an assumption,” Khaled al-Fadhel told reporters.

“As of now... we are just thinking about how we can maneuver through the inventory buildup, if it happens,” he said.

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